Proposed disposal of Mafikeng student accommodation - Extension to conditions precedent REBOSIS PROPERTY FUND LIMITED (Incorporated in the Republic of South Africa) (Registration number: 2010/003468/06) JSE share codes: REA ISIN: ZAE000240552 REB ISIN: ZAE000201687 Alpha code: REBI (Approved as a REIT by the JSE) (“Rebosis” or the “Company”) PROPOSED DISPOSAL OF MAFIKENG STUDENT ACCOMMODATION – EXTENSION TO CONDITIONS PRECEDENT 1. Introduction Rebosis shareholders are referred to the announcement dated 06 September 2019 and the updates thereto on 15 November 2019 and 20 January 2020, wherein shareholders were advised that the Company had entered into an agreement and two further addenda thereto (“Agreement”) with Adowa Infrastructure Managers (RF) Proprietary Limited and the Government Employees Pension Fund (collectively, the “Purchaser(s)”), to dispose of student accommodation situated at Erf 2460, Mafikeng, together with the rental enterprise conducted thereon (the “Property”). 2. Amendment to conditions precedent Shareholders are advised that the Company and the Purchasers have entered into a third addendum to the Agreement, dated 30 January 2020 wherein the following remaining conditions precedent were extended: 2.1 By no later than 31 March 2020, the Company obtains shareholder approval; and 2.2 by no later than 31 March 2020, the relevant competition authorities approve in writing the sale of the Property. Johannesburg 31 January 2020 Sponsor Nedbank Corporate and Investment Banking, a division of Nedbank Limited Date: 31-01-2020 09:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.